ICO is something to be in the hands of government, that is a public container of wealth not belong to any specific individual.   

https://randomwalkjapan.blogspot.com/2019/05/future-of-bit-coin.html

omg, looks image is not really accepted from local drive. In any case, pls try and shout if it stil not working. 

[img]W:\JOBS\BlogMaterials\PersianCat[/img]Not just cat but down below the page, you will see video camera window where you will see name of the image once you shoot the image by your camera. You need to accept camera access in your machine. So far, it run on WIndows PC, and some mobile.  It is DEMO...

I forgot to add my view on NN as below. Pls take a look.  2nd one should be a great hint for all I bet!

https://randomwalkjapan.blogspot.com/2019/05/ai-reality-of-booming-ai.html

https://randomwalkjapan.blogspot.com/2019/06/play-on-neural-net-playground.html

Completely disagree with it. katastrofa: Quantum annealers (e.g. D-wave) find global minima. What deep networks may do, unlike classical algorithms, is finding correlations of the minima positions (more complex than e.g. momentum methods) - it's a quantum algorithm's capability. Introducing memory ...

Neural network gives names to cats

Pls try this version where you can check real time. 

https://randomwalkjapan.blogspot.com/2019/10/mobilenetusing-mobilenet-inside-blogspot.html

<t>Hull book says, to make phai = f / g to be martingale, g's vol should be equal to market price of risk lambda. Where f = one process g = numeraire process phai = f / g lambda = ( u - r ) / volaHowever, Shreve's book does not use this condition but depends on Radon-Nikodym and Girzanov's theorem. ...

<t>Thanks list for reply again. I just bought 7th edition of Hull but it still has same line as before, i.e. 'expected return on all securities is the risk free intereat rate in risk-neutral-world'. If this line is not correct, somebody should tell him to correct this. In any case I think I need to ...

<t>Thanks list for quick comment. So far I am following Hulls book. Hull's book says that 'expected return on all securities is the risk free intereat rate in risk-neutral-world'. This will coincide to my experience that to verify BS by MCSimuilation, I have to use risk free rate as expected return....

<t>Thanks list for your kind attention and remarks. Apologies for my errors. My math is poor. I think this issue is very much philosophical rather than mathimatical/financial. Logic can be build on t=0 discrete relationship/models. But in time-space we are living in now, there is huge GAP in between...

Sorry forgot to make URL as link. PositioiningOfRiskNeutralConcept

<r>Hi all, I still stuck with risk neutral concept but recently I see some lights which I put together as note as below link. Fermion thanks for your help earlier. <URL url="http://cid-36b727b3731ca86f.skydrive.live.com/self.aspx/.Public/PositioningOfRiskNeutralConcept.pdfIts"><LINK_TEXT text="http:...

<t>I got same question. In addition to your list, I will add CAPM where expected return is risk free only when vola is zero. RN says all asset's expected return is risk free. Future=Spot*exp(rf) applies always irrespective of choice of theory. This is because otherwise arbitrage will eventually flat...

Thanks Fermion for your kind clarification. Let me study further.

<r>Happy new year Fermion, I went through FAQs but still have one question. I apprecaite if you can help me. I started my career as engineer so I still believe that all pricing should be properly duplicated by monte carlo simulation. How BS result can be verified by MonteCarlo simulation ? I think t...